MORE ON BITCOIN VS GOLD, WHAT TO CHOOSE? 🤔

So we talked about GOLD vs BITCOIN on Monday’s blog post and we’re continuing today.

Here’s what we know so far:

  • Gold prices are set by banks, an oversight committee, and chair members, while BTC’s price is determined solely by supply and demand, driven by its buyers and sellers.

  • BTC’s price today is at $37,792 while GOLD is at $1861.16 per ounce.

  • BTC is easy to store and/or transport. Large quantities of Bitcoin can be transmitted all over the world nearly instantly, it can even be stored on our cellphones. But it’s a bit harder (and definitely expensive) to store GOLD, as well as to insure it.

  • Bitcoin has only 21M tokens which experts say should all be mined by the year 2140. GOLD, however, is physical and difficult to mine. Also, as far as I know, there is not a finite amount.

  • Because with Bitcoin the protocol is decentralized, it isn’t subject to the demands of the government or large corporations. But with GOLD, governments have restricted both the ownership of gold and the transfer of gold throughout history, this is according to J P Morgan.

Let’s just weigh the information that we have about these assets, and keep on weighing them as we go forward. We know how to make wise choices because God gives us His wisdom, and the eyes of our understanding are continually being flooded with light! (Proverbs 2:7, James 1:5, Ephesians 1:18). Plus … no one said we had to choose between acquiring BTC and acquiring GOLD, so let’s get them both, choose both! 🤷🏾‍♀️

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™ . The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.

Sherma Felix